Mashreq offers UAE’s first financial package for Non Residents Egyptians

Press release

Published December 26th, 2012 - 09:24 GMT

Caetano Fernandes, Mashreq Gold

In its constant endeavor to continue offering distinctive banking solutions, leading financial institution, Mashreq announced for the first time in the UAE, a tailor-made proposition for Non-Resident Egyptians. The move comes in as an extension to Mashreq’s presence in Egypt with 10 fully operational branches.

Non-Resident Egyptians can now carry out their banking requirements without having to travel to Egypt. Customers can visit one of Mashreq branches logistically located across the UAE and open a bank account in Mashreq Egypt. Furthermore, individuals have the opportunity to choose the type of savings account that best suit their financial requirements.

Caetano Fernandes, Head of Mashreq Gold, Mashreq, commented, “The UAE is a business hub for many nationalities and we strive to offer convenient and innovative financial solutions to our customers. We are connecting our customers to their homes through their banking relationship which is made simpler than ever. Enhancing our regional presence and implementing our strategy to connect with our customers, within UAE and abroad, this proposition reflects our efforts.”

To offer further convenience, customers receive an international Visa debit card with Egyptian Pound denomination, which can be used to withdraw cash at ATM’s or make purchases at retail outlets across the world.

Fernandes added, “We have also thought of making it even simpler with the ability to transfer funds from UAE account to Egypt account absolutely free of cost from the comfort of their homes through online banking or the mobile application SNAPP. Customers will also receive AED 200 worth of Mashreq Salaam Points, UAE’s pioneering loyalty program”

Mashreq Gold customer ‘Mashreq’s premium services’ have the added advantage of eligibility for Mashreq Gold accounts in Egypt, with the chance to enjoy all privileges and benefits.

Non-Resident Egyptians can now save in term deposits, Certificate of Deposits and saving and transactional accounts with attractive rates.

Background Information

Mashreq

Mashreq has provided banking and financial services to millions of customers and businesses since 1967.

We are one of UAE's leading financial institutions with a growing retail presence in the region including Egypt, Qatar, Kuwait and Bahrain. We focus on providing our customers access to a wide range of innovative products and services.